Plume Network, a leading L1 blockchain specializing in RWA tokenization, has recently announced a strategic partnership with Orochi Network, a renowned platform for data verifiability through cryptography and zero-knowledge proof technology. This collaboration aims to enhance the scalability and security of real-world assets within the blockchain ecosystem. The news was shared on Plume Network’s official X account, highlighting the significance of this alliance in the realm of decentralized finance.
The partnership between Plume Network and Orochi Network marks a significant milestone in advancing the security and compliance standards for RWAs (real-world assets). By leveraging Orochi’s cutting-edge zero-knowledge proof technology and integrating it with Plume Nexus, a data highway on-chain, the two platforms aim to ensure compliant, scalable, and secure transactions across the RWAfi sector. This initiative underscores Plume’s commitment to improving efficiency, security, and transparency in managing tokenized RWAs on the blockchain.
As part of this collaboration, Plume Network will incorporate Orochi’s Orand and Orocle tools into its infrastructure. Orocle will serve as a trusted data feed provider for decentralized applications (dApps), ensuring the flow of tamper-proof and reliable information. Meanwhile, Orand will offer secure randomness through Elliptic Curve Verifiable Random Function, enhancing transparency and fairness in blockchain applications. Additionally, Plume Network will be an early adopter of Orochi’s zkDA Layer, a revolutionary decentralized data verification solution.
The integration of zkDA Layer is expected to bring a range of benefits to Plume Network, including unrestricted access to off-chain data, secure verification pathways for maintaining transaction integrity, and seamless integration channels for zero-knowledge apps, smart contracts, and dApps. This integration will empower Plume Network to enhance its data security capabilities and unlock new opportunities for users within the RWAfi landscape.
By joining forces with Orochi Network, Plume Network aims to increase RWA liquidity and foster wider adoption of decentralized finance solutions. The focus on data security and integrity, coupled with scalability for mass adoption, highlights the commitment of both platforms to driving innovation in the DeFi space. As blockchain technology continues to evolve, the inclusion of secure and verifiable data solutions will play a crucial role in accelerating the adoption of decentralized finance applications.
With this partnership, Plume Network and Orochi Network are poised to revolutionize the RWAfi sector and pave the way for a more secure and transparent blockchain ecosystem. Stay tuned for more updates on the groundbreaking developments arising from this collaboration.